DMart Expands: Unveiling 3 Exciting New Stores!

Today, shares of Avenue Supermarts Limited dipped by over 1.67%, with the company’s current market capitalization standing at Rs 2,87,588.95 crore on the BSE.

Share Performance

On Wednesday, the stock opened at Rs 4486.20 and eventually closed at Rs 4419 each on the BSE. The 52-week high and low are Rs 4,531.50 and Rs 3,300.30, respectively.

Recent Development

Today, the company inaugurated three new stores located in Karimnagar (Telangana), Narsingi, Hyderabad (Telangana), and Sachin, Surat (Gujarat). With these additions, the total number of stores operated by the company now stands at 357.

About the Company

Avenue Supermarts Limited (DMart) is a prominent national supermarket chain renowned for its value-focused retailing approach. Our extensive product range encompasses various categories, including Foods, Non-Foods (FMCG), and General Merchandise & Apparel, catering to diverse consumer needs.

Business Development

The segment-wise breakdown reveals that the majority of revenue, accounting for 56.18%, comes from food products, followed by 23.21% from general merchandise & apparel, and 20.61% from non-food items in the FMCG category.

When considering the geographical distribution of revenue, India stands out as the sole contributor, representing 100% of the company’s revenue. There is no revenue generated from the rest of the world or specific states within India such as Telangana, Karnataka, Tamil Nadu, or Andhra Pradesh.

Shareholding Pattern

In the December 2023 quarter, there was no change observed in the promoters’ holding, which remained stable at 74.65%. However, there was an increase noted in the holdings of Foreign Institutional Investors, rising from 7.67% to 7.96% during the same period.

Furthermore, the stock has experienced significant buying activity, yielding returns of more than 33% in the last one year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.